News Column

3000 Foreign Businesses Jostle for Agric Investments

August 25, 2014

Onche Odeh

Nigeria's agric sector is fast becoming the toast of global investors, as not less than 3000 of them are planning to berth investments in the sector.

The businesses, industries and other investors would be joining Nigerian and international policymakers, agribusiness leaders, farmers, technologists and investors that will be gathering in Lagos in November for the Agra Innovate, a ground-breaking exhibition and conference being organised by the convener of the largest agric exhibition in Brazil, Informa.

Managing Director, Afrocet Nigeria Ltd, one of the local partners for the event, Bryan Pearson, who gave hints on this during a media interaction in Lagos said the investors, most of whom have signified interest in participating at Agra Innovate, would be coming with array of solutions and innovation in agriculture that could jump start the sector to a much higher level.

According to Pearson, "Most of the investors are impressed by current progress Nigeria has made in agriculture," hence are ready to throw in their might.

Giving details, he said, "Agra Innovate" has been developed with the full support of the Federal Ministry of Agriculture and Rural Development and the influential Nigeria Agribusiness Group. It is being co-organised by Afrocet, a Nigerian based event organiser and Informa, the largest publicly owned exhibition and training provider in the world.

Within the three days, Pearson said there would be intensive knowledge sharing, technology transfer and deal-making, adding, "Agra Innovate" will offer all Nigerian members of the agricultural sector free access to a vibrant exhibition of technologists and solution providers from across the globe."

The Nigerian agro investors would be joined by an international cast of from Germany, Spain, Canada, Turkey, India, South Africa, the UK, China and the USA.

Meanwhile, Project Director of Informa, David Ross, said, "The profound reconstruction and modernisation of Nigerian agriculture that's being led by President Goodluck Jonathan and the Honourable Minister of Agriculture Dr. Akinwumi A. Adesina has rightly gathered respect throughout Africa and the wider world. Many international agribusiness organisations are now establishing or expanding their operations in Nigeria and partnering with Nigerian businesses to help accelerate innovation and collaborate in this unfolding success story"

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Source: AllAfrica

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